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Proof of Work Cryptocurrencies like Bitcoin and Litcoin are Doomed to Fail

A lot of parallels can be drawn between the Cryptocurrency evolution currently underway and the digital music evolution that started in early 2000. History doesn’t repeat itself, but it does rhyme. There are lessons to be learned here, will you take the opportunity?

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11 Comments

  1. There are many coins better than XRP in the crypto community if you only consider your side of view. XRP will fall, when facebook coin coming into the crypto community if you only consider with your narrow view point. Most people buying coins know the tech of XRP. Unfortunately, XRP is A risky investment until the company releases all of XRP into the crypto community. XRP is not A mining coin. Even if the company release the large holding into the crypto community, it will be still rksky because one of them could make another better coin, like stellar. All coins are developing to be co existed to make better society of ours. Look at the price of coins,,, there are many valuable reasons for other successful market shared coins you can not see with your narrow mind and view.

  2. I agree with all your arguments on efficiency. Online banking and credit card transactions are pretty good even without digital integration via the likes of XRP. I still like the notions that BTC brings to the table as a tradeable asset, "digital gold" store of value, etc,… with miners keeping the whole thing decentralized from big banks .. ie. The People's Money. My hope is we get something that retains some unregulated aspects of BTC (alongside a few PoW projects like Monero or ETH) which compliments a much faster/cheaper payment system.

  3. Hi Sam, hope you're having a great day. 🌞 it seems in 9 days the FATF..is planning to enforce certain rules regarding crypto purchases over $1000..Reg.s etc…will this shed a negative light on the space for the holders??.. Thank you!!!🙏👍

  4. Miners move to solar. Then what.
    Isn't the speed of BTC for security. It's truly a currency for the INTERNET. Slow, unhackable, meant to move $100k+ perfectly. Let me know what you think.

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